China’s home-price growth weakens to eight-month low on cooling measures while Evergrande’s struggles keep buyers away

China’s home prices grew at the slowest pace in the past eight months in August, as buying confidence took a hit from the government’s cooling measures.Troubles at China Evergrande Group, the world’s most indebted developer, which is struggling to complete its housing projects, also weighed on sentiment.The average price of new homes across 70 major cities rose 0.2 per cent month on month in August, slowing from a 0.3 per cent increase in July, according to figures released by the National…

China’s home-price growth weakens to eight-month low on cooling measures while Evergrande’s struggles keep buyers away
China’s home prices grew at the slowest pace in the past eight months in August, as buying confidence took a hit from the government’s cooling measures.Troubles at China Evergrande Group, the world’s most indebted developer, which is struggling to complete its housing projects, also weighed on sentiment.The average price of new homes across 70 major cities rose 0.2 per cent month on month in August, slowing from a 0.3 per cent increase in July, according to figures released by the National…